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The Obama campaign election win cements into place two more years of the current political environment - divided government.

Obama did not win support for a second term agenda. He essentially has none. While the electoral college will finish with Obama over 300 votes, the popular vote will be very narrow. Obama will have some political capital, but no mandate.

President Obama will never face the voters again. The Congress will in 24 months.

The fiscal cliff awaits. So does the debt limit.

Will Obama move to the middle? Will Republicans accpet any revenue increases? Will entitlement reform pass? Comprehensive immigration reform?

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